Zacks Investment Research cut shares of Mammooth Energy (NASDAQ:TUSK) from a buy rating to a hold rating in a report published on Thursday.

According to Zacks, “Mammoth Energy Services, Inc. is an integrated oilfield service company. Its segment consists of Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services. Mammoth Energy Services, Inc. is based in OKLAHOMA CITY, United States. “

Several other analysts also recently weighed in on the company. ValuEngine upgraded Mammooth Energy from a sell rating to a hold rating in a research note on Tuesday, October 31st. Credit Suisse Group upped their price target on Mammooth Energy from $20.00 to $22.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. Imperial Capital upped their price target on Mammooth Energy from $20.00 to $24.00 and gave the stock an outperform rating in a research note on Friday, October 20th. Jefferies Group initiated coverage on Mammooth Energy in a research note on Thursday, October 5th. They issued a hold rating and a $18.00 price target on the stock. Finally, BidaskClub downgraded Mammooth Energy from a buy rating to a hold rating in a research note on Saturday, December 2nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Mammooth Energy currently has an average rating of Buy and a consensus price target of $23.90.

Mammooth Energy (NASDAQ:TUSK) traded up $0.03 during trading on Thursday, hitting $17.56. The company had a trading volume of 65,211 shares, compared to its average volume of 98,584. The company has a current ratio of 1.52, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. Mammooth Energy has a 52 week low of $10.88 and a 52 week high of $24.54.

Mammooth Energy (NASDAQ:TUSK) last posted its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $149.30 million during the quarter, compared to analysts’ expectations of $129.58 million. Mammooth Energy had a negative return on equity of 2.35% and a negative net margin of 16.41%. The business’s quarterly revenue was up 135.9% on a year-over-year basis. analysts expect that Mammooth Energy will post 0.14 EPS for the current fiscal year.

In other Mammooth Energy news, CEO Arty Straehla sold 25,842 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total transaction of $476,784.90. Following the sale, the chief executive officer now directly owns 231,711 shares in the company, valued at approximately $4,275,067.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in Mammooth Energy by 34.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,177,245 shares of the energy company’s stock valued at $53,568,000 after purchasing an additional 813,284 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Mammooth Energy by 19.1% in the 3rd quarter. American Century Companies Inc. now owns 747,023 shares of the energy company’s stock worth $12,595,000 after buying an additional 119,942 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Mammooth Energy by 15.4% in the 2nd quarter. Vanguard Group Inc. now owns 418,865 shares of the energy company’s stock worth $7,791,000 after buying an additional 55,973 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Mammooth Energy by 32.3% in the 3rd quarter. Royce & Associates LP now owns 170,400 shares of the energy company’s stock worth $2,873,000 after buying an additional 41,600 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Mammooth Energy by 49.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 165,702 shares of the energy company’s stock worth $2,794,000 after buying an additional 54,477 shares during the last quarter. Institutional investors and hedge funds own 73.60% of the company’s stock.

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About Mammooth Energy

Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.

Analyst Recommendations for Mammooth Energy (NASDAQ:TUSK)

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